TylerG on Nostr: Australians 🇦🇺 cannot save in dollars 💵 due to currency debasement. It’s a ...
Australians 🇦🇺 cannot save in dollars 💵 due to currency debasement. It’s a problem that extends to family, businesses, local councils and state and federal parliament. When a currency fails to protect its value, people are forced to save in other scarce assets. Hence the price of Australian houses 🏡 has tracked the supply of Australian dollars.
₿itcoin represents the discovery of digital scarcity, the solution to a computer science problem, 50 years in the making.
Respectfully, bitcoin is achieving what no politician can, it is solving housing 🏘️ affordability for those who choose to denominate their savings in it. No revolution required. BTC is demonetising real estate, or draining the monetary premium that is nested in that asset class. There is no preservation of purchasing power without bitcoin.
Bitcoin has been the best performing asset 11 of the last 14 years. It has regulatory clarity from the CFTC and the SEC. BTC is even a required module for the level one CFA accountants exam. Every fiduciary has a responsibility to understand bitcoin.
When evaluating bitcoin's performance in an investment portfolio it is intellectually honest to use a four year timeframe. Nation states are buying, holding and mining ⛏️ bitcoin. Pension funds and insurance giants are allocating to bitcoin whilst public and private enterprises are moving their treasuries to bitcoin.
It is diligent for the State of South Australia 🇦🇺 to consider bitcoin as part of its ongoing investment strategy should a supportive federal government emerge.
“There are no well informed Bitcoin critics”
₿itcoin represents the discovery of digital scarcity, the solution to a computer science problem, 50 years in the making.
Respectfully, bitcoin is achieving what no politician can, it is solving housing 🏘️ affordability for those who choose to denominate their savings in it. No revolution required. BTC is demonetising real estate, or draining the monetary premium that is nested in that asset class. There is no preservation of purchasing power without bitcoin.
Bitcoin has been the best performing asset 11 of the last 14 years. It has regulatory clarity from the CFTC and the SEC. BTC is even a required module for the level one CFA accountants exam. Every fiduciary has a responsibility to understand bitcoin.
When evaluating bitcoin's performance in an investment portfolio it is intellectually honest to use a four year timeframe. Nation states are buying, holding and mining ⛏️ bitcoin. Pension funds and insurance giants are allocating to bitcoin whilst public and private enterprises are moving their treasuries to bitcoin.
It is diligent for the State of South Australia 🇦🇺 to consider bitcoin as part of its ongoing investment strategy should a supportive federal government emerge.
“There are no well informed Bitcoin critics”